New Issue: Citigroup sells $1 million equity-linked securities on IBM, McDonald’s

By Wendy Van Sickle

Columbus, Ohio, June 4 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due June 1, 2022 tied to the least performing of the shares of International Business Machines Corp. and McDonald’s Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 8.45% per year, payable monthly.

If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	International Business Machines Corp. and McDonald’s Corp.
Amount:	$1 million
Maturity:	June 1, 2022
Coupon:	8.45%, payable monthly
Price:	Par
Payout at maturity:	If the final level of each asset is at least as great as 60% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
Initial levels:	$118.39 for IBM, $184.41 for McDonald’s
Buffer levels:	$71.034 for IBM, $110.646 for McDonald’s, 60% of initial levels
Pricing date:	May 26
Settlement date:	May 29
Agent:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17328VRY8

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